This fund aims to maximise total return (income plus capital growth) by investing mainly in sterling denominated bonds including investment grade corporate bonds, government bonds and cash. It may also invest up to 10% in high yield bonds and is permitted to invest in deposits, money market instruments, derivative instruments and forward transactions.

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-0.39

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

0.89

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

0.25

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

4.81

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

0.94

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-1.04

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

0.98

Price movement

52 week high152.13

52 week low135.29

Current bid price145.04

Current offer price152.67

Current mid price-

Region

1

UK

97.5%

2

Money Market

2.5%

Industry sector

1

Others

35.2%

2

Financials

30.7%

3

Mortgage & Secured Bonds

16.4%

4

Government Bonds

9.9%

5

Government Agency Bonds

3.1%

6

Money Market

2.5%

7

Asset/Mortgage-Backed Securities

2.2%

Asset type

1

Global Fixed Interest

97.5%

2

Money Market

2.5%

Individual holdings

1

TREASURY 1.5% GILT 22/07/26 GBP0.01

4%

2

KREDITANSTALT FUER WIEDERAUFBAU KFW 1.0% BDS 07/12/17 GBP1000

2.03%

3

TRANSPORT FOR LONDON 2.25% NTS 09/08/22 GBP100000

1.74%

4

TREASURY 4.5% GILT 7/9/2034 GBP0.01

1.51%

5

AA BOND CO LTD 6.269% BDS 31/07/25 GBP100000

1.48%

6

ANNINGTON FINANCE NO 4 8.07% ASST BCKD NTS 10/1/23 GBP10000

1.31%

7

APT PIPELINES LTD 3.5% BDS 22/03/30 GBP100000

1.29%

8

WHITE CITY PROPERTY FINANCE 5.1202% COM MTG FXD NT 17/04/35 GBP50000

1.19%

9

BANK OF SCOTLAND PLC 7.754% PERP BDS 31/5/2021 GBP1000

1.14%

Management

Fund manager group

Scottish Equitable

Fund manager company

Aegon/Scottish Equitable plc

Fund type

Pension Fund

Fund objective

This fund aims to maximise total return (income plus capital growth) by investing mainly in sterling denominated bonds including investment grade corporate bonds, government bonds and cash. It may also invest up to 10% in high yield bonds and is permitted to invest in deposits, money market instruments, derivative instruments and forward transactions.

Benchmark

IA £ Corporate Bond Sector

Investment style

No data available.

Investment method

Fixed Interest

Fund managers

Name

Since

Biography

David Roberts

22/03/2004

David is Joint Head of Fixed Income and is jointly responsible for managing the fixed income team. He joined us in 2004 from Britannic Asset Management where he was Head of Credit. David studied Economics and Industrial Relations at the University of Strathclyde and has an MSc in Investment Analysis.

Iain Buckle

30/09/2009

Iain is an investment manager in the fixed income team. He joined us in 2000 from Baillie Gifford where he was a fixed income analyst. Iain studied Economics at Heriot Watt University and is a CFA charterholder.

Compliance

No data available.

Domicile

No data available.

Fund for sale in

United Kingdom

Scot Eq Kames Sterling Corporate Bond Pn

Initial charge-

Annual charge1.45%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)1.45%

Bid price145.0393

Offer price152.6729

Mid price-

CurrencyGBX

Price updated08/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi codeX930

Scot Eq Kames Sterling Corporate Bond Pn (ARC)

Initial charge-

Annual charge1.05%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)1.05%

Bid price-

Offer price-

Mid price143.5011

CurrencyGBX

Price updated08/12/2016

Type-

Institutional or retail classRetail

Domicile-

Citi code00GV

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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